Atlas Financial Holdings Inc (NASDAQ:AFH) – Boenning Scattergood dropped their FY2017 earnings estimates for shares of Atlas Financial in a report released on Monday. Boenning Scattergood analyst R. Farnam now expects that the insurance provider will post earnings of $1.18 per share for the year, down from their previous estimate of $1.59. Boenning Scattergood currently has a “Buy” rating on the stock. Boenning Scattergood also issued estimates for Atlas Financial’s Q4 2017 earnings at ($0.09) EPS.

A number of other brokerages have also weighed in on AFH. Zacks Investment Research upgraded shares of Atlas Financial from a “hold” rating to a “strong-buy” rating and set a $22.00 target price for the company in a research report on Monday, December 25th. BidaskClub lowered shares of Atlas Financial from a “buy” rating to a “hold” rating in a research report on Thursday, January 11th. Sandler O’Neill restated a “buy” rating and issued a $24.00 price objective on shares of Atlas Financial in a research report on Wednesday, January 10th. Finally, ValuEngine upgraded shares of Atlas Financial from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Five investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Atlas Financial has a consensus rating of “Buy” and a consensus price target of $20.75.

Atlas Financial (AFH) opened at $19.70 on Wednesday. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.17. The firm has a market cap of $243.62, a PE ratio of 140.72 and a beta of 0.88. Atlas Financial has a 1 year low of $12.15 and a 1 year high of $21.50.

Atlas Financial (NASDAQ:AFH) last issued its earnings results on Monday, November 6th. The insurance provider reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.42 by $0.21. Atlas Financial had a net margin of 0.92% and a negative return on equity of 2.57%.

In other Atlas Financial news, VP Paul Anthony Romano, Jr. sold 2,991 shares of Atlas Financial stock in a transaction that occurred on Thursday, December 21st. The shares were sold at an average price of $18.75, for a total transaction of $56,081.25. Following the completion of the sale, the vice president now directly owns 77,655 shares in the company, valued at $1,456,031.25. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Paul Anthony Romano, Jr. sold 6,384 shares of Atlas Financial stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $20.31, for a total transaction of $129,659.04. Following the sale, the vice president now owns 82,534 shares of the company’s stock, valued at $1,676,265.54. The disclosure for this sale can be found here. Insiders sold 179,029 shares of company stock valued at $3,549,810 over the last 90 days. 13.30% of the stock is owned by company insiders.

Institutional investors have recently made changes to their positions in the business. Goldman Sachs Group Inc. bought a new stake in Atlas Financial during the second quarter valued at approximately $151,000. Citadel Advisors LLC bought a new stake in Atlas Financial during the second quarter valued at approximately $161,000. Parametric Portfolio Associates LLC bought a new stake in Atlas Financial during the second quarter valued at approximately $165,000. Rhumbline Advisers lifted its position in Atlas Financial by 2.5% during the second quarter. Rhumbline Advisers now owns 11,737 shares of the insurance provider’s stock valued at $175,000 after purchasing an additional 290 shares during the last quarter. Finally, Teachers Advisors LLC lifted its position in Atlas Financial by 16.6% during the second quarter. Teachers Advisors LLC now owns 20,463 shares of the insurance provider’s stock valued at $305,000 after purchasing an additional 2,914 shares during the last quarter. Institutional investors and hedge funds own 80.66% of the company’s stock.

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Atlas Financial Company Profile

Atlas Financial Holdings Inc formerly JJR VI Acquisition Corp is a Canada-based company. It is engaged in the business of providing commercial automobile insurance in the United States with a niche market orientation. The Company’s automobile insurance products provide coverage in three areas: liability, accident benefits and physical damage.

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